Crown Holdings (NYSE:CCK) stock experienced trading -2.85% off 52-week high price. On the other end, the stock has been noted 54.79% away from low price over the last 52-weeks. The stock disclosed a move of 3.42% away from 50 day moving average and 15.04% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.57% off 20-day moving average. It has market cap of $10.56B.
On Feb. 4, 2020, Crown Holdings (NYSE:CCK) declared its financial results for the fourth quarter and year ended December 31, 2019.
- Fourth quarter earnings per share of $0.64 versus $0.40 in 2018
- Fourth quarter adjusted earnings per share of $1.04 versus $1.00 in 2018
- Full year cash from operations of $1.2 billion; record adjusted free cash flow of $754 million
- Beverage can volumes up 7% in quarter, 3% for the year
- Deleveraging plans on target
- Beverage can capacity projects on schedule
- Beverage can volumes expected to be up more than 5% in 2020
- Increase in 2020 capital spending to support growing beverage can demand
Fourth Quarter Results
Net sales in the fourth quarter were $2,791 million compared to $2,734 million in the fourth quarter of 2018, reflecting a 7% increase in beverage can volumes.
Income from operations was $199 million in the quarter compared to $218 million in the fourth quarter of 2018. Segment income was $285 million in the fourth quarter compared to $279 million in the prior year fourth quarter.
The USA based company Crown Holdings moved with change of 1.90% to $76.05 with the total traded volume of 1340017 shares in recent session versus to an average volume of 1.09M. The stock was observed in the 5 days activity at 0.69%. The one month performance of stock was 5.26%. CCK’s shares are at 3.88% for the quarter and driving a 49.32% return over the course of the past year and is now at 4.84% since this point in 2018. Right now the stock beta is 1.49. The average volatility for the week and month was at 2.27% and 2.01% respectively. There are 138.80M shares outstanding and 132.95M shares are floated in market.
Christopher Pacheco has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems.
Christopher Pacheco holds a postgraduate degree in Software Engineering from Canada. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Christopher is a share market expert, being personally invested for over 6 years. He believes the most valuable nugget of wisdom for new investors is a quote from Phillip Fisher. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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